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Loan Processing Intern Jobs in Indiana (NOW HIRING)

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Loan Processing Intern information

What skills and qualifications are needed to be a loan processing intern?

To thrive as a Loan Processing Intern, you need a basic understanding of financial principles, attention to detail, and coursework or experience in finance, business, or a related field. Familiarity with loan origination software, Microsoft Office Suite, and document management systems is often expected. Strong organizational skills, effective communication, and the ability to work collaboratively help set candidates apart. These abilities are crucial for ensuring accurate loan documentation, supporting timely processing, and maintaining compliance in a fast-paced financial environment.

Is loan processing intern a hard job?

A loan processing intern typically performs administrative tasks such as reviewing documents, verifying information, and using loan processing software. The role can be demanding due to deadlines and attention to detail but is generally manageable with proper training and organization.

What does a loan processing intern do?

A Loan Processing Intern assists loan officers and processors with gathering, organizing, and verifying financial documents from loan applicants. Their tasks may include data entry, reviewing application forms for completeness, and communicating with clients to request missing information. They also learn about industry regulations and the steps required to process different types of loans. This role provides valuable exposure to the lending process and helps interns develop skills for a career in finance or banking.

What challenges might a loan processing intern encounter, and how can they be addressed?

Loan Processing Interns often face the challenge of managing multiple loan files simultaneously while ensuring accuracy and compliance with regulations. Staying organized and developing strong attention to detail is key to avoiding errors in documentation and meeting tight deadlines. Interns may also need to quickly learn industry-specific software and adapt to evolving processes. Seeking guidance from experienced team members and proactively communicating with loan officers can help interns overcome these challenges and build confidence in their role.
What are the most commonly searched types of Loan Processing jobs in Indiana? The most popular types of Loan Processing jobs in Indiana are:
What are popular job titles related to Loan Processing Intern jobs in Indiana? For Loan Processing Intern jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Loan Processing Intern jobs in Indiana look for? The top searched job categories for Loan Processing Intern jobs in Indiana are:
What cities in Indiana are hiring for Loan Processing Intern jobs? Cities in Indiana with the most Loan Processing Intern job openings:
Loan Processing Intern jobs near you

Strategic Markets VP II

First Financial Bank

Indianapolis, IN • On-site

$94K - $112K/yr

Full-time

Re-posted just now

Job description

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written!
If you are interested and qualified for this role, we invite you to apply.
Originate loans in the niche markets Oak Street Funding serves.
The VPII at Oak Street Funding is responsible for prospecting lending opportunities. Generally handling loan relationships with aggregate exposure between $1MM to $30MM and developing relationships within the niche markets Oak Street Funding serves.
• Through a myriad of business development activities, including direct to market outbound calls, building a circle of influence to drive referrals and be seen as a thought leader for Oak Street to meet set goals and production levels.
• Utilize a consultative sales approach to qualify lending opportunities and develop a comprehensive understanding client's needs.
• Utilizing a consultative sales approach to drive relationships and develop lending opportunities.
• Based on review of personal and company level information via the application process, utilize proprietary software to prepare and present to the loan committee an initial loan structure for input and term sheet preparation, including a cash flow analysis and ability to articulate the financial strength of the applicant. Externally by preparing and presenting term sheets be able to
articulate the risk profile and subsequent structure outlined in a term sheet.
• Understanding of risk based pricing and negotiate the terms of the loan with the prospective client.
• Promote and cross sell other banking products.
• Travel includes but is not limited to onsite visits with prospects and clients for the purpose of business development, relationship management, due diligence trips as well as representing Oak Street at industry events for the purpose of
business development. Maintain compliance with internal policies and procedures.
Minimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the Job
  • 5+ years of relationship based client procurement and account management.
  • Excellent business acumen including strong written and verbal communication and presentation skills.
  • Organizational skills.
  • Well-developed analytical and problem solving skills.
  • Generate new business through consultative sales approach.
  • Experience reviewing credit applications, personal financial statements, credit reports, business financial statements.
  • Understanding of various corporate structures
  • Experience with complex mid-market commercial loans.
  • Strong PC skills.
  • Demonstrative sales and negotiations experience required.

Preferred Knowledge and Skills
  • 5 years of previous commercial lending, private or business banking, experience. Credit training, credit quality and underwriting fundamentals experience including financial analysis required.
  • College Degree Required.

Level of Complexity and Scope
  • Navigate in-depth term sheet negotiations with large prospects.
  • Review and analyze complex credit applications, credit reports, and business financial statements.
  • Present complex, large transactions to OSF management.

Degree of Independence and Decision-Making
  • Demonstrated ability to work independently balancing strong time management and organizational skills
  • Ability to prioritize work and meet deadlines with accuracy and attention to detail
  • Work directly with the deal team, including the Director of Underwriting, Chief Counsel and Account Managers to facilitate a positive client experience from onboarding as a borrower through diligence process and funding.

Required Supervisory Responsibilities
  • Provide mentorship to less experienced employees as needed

Physical Requirements
  • Typical office setting which includes desk/computer work. Also required travel.
  • Travel includes but is not limited to onsite visits with prospects and clients for the purpose of business development, relationship management, due diligence trips, as well as representing Oak Street at industry events for the purpose of business development.

Compliance Statement
  • The associate is responsible for meeting all compliance requirements imposed on First Financial Bank by State and Federal law and regulation, as well as all related First Financial Bank policies and procedures. This includes all Bank Secrecy Act, Anti-Money Laundering, OFAC and Suspicious Activity reporting requirements, as well as all other lending and deposit compliance requirements.

Development and Training
Pay Range: $94,000/yearly - $112,000/yearly
Benefits
We have relevant, thoughtful benefits and programs that support every aspect of our associates' holistic wellbeing. Please review our Benefits Guide.
Incentive Eligibility
All roles are incentive eligible with the exception of Co-Op, Intern, or Student positions.
It is our policy to not discriminate against any individual in violation of federal, state, and local laws as it relates to age, race, color, religion, national origin, sex, marital status, pregnancy, gender identity, disability, sexual orientation, genetic information, veteran/military service, or any other characteristic protected by law.
We are an E-Verify Employer.

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